Central bank says Libra must operate like a bank if it’s to launch in UK
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The Bank of England‘s (BoE) Financial Policy Committee (FPC) has laid down a set of rules that Facebook‘s Libra and other cryptocurrencies must follow if they are to be launched in Britain. While some question if Facebook’s ‘cryptocurrency’ Libra will ever launch, the BoE‘s FPC did recognize its potential to becoming an “important payment system,” City AM reports. These kinds of payment systems would need to demonstrate the system’s security and also undergo regulatory supervision, the FPC...

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